Oil production in major Gulf Arab exporters dropped sharply in March amid the Iran war, with Iraq's output collapsing 61%, Kuwait's down 53%, UAE's down 44%, and Saudi Arabia's falling 23%, according to OPEC. The decline is due to disruptions in exports through the Strait of Hormuz, including attacks on key pipelines. Gulf states face months-long recovery to restore full production capacity. Meanwhile, Iran's output slightly decreased by 5%, but it continues exports despite a new U.S. naval blockade. These disruptions have pushed U.S. and Brent crude oil prices back above $90-$100 per barrel, reflecting tight global supply concerns.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, i...
Kenmare Resources reported weaker-than-expected production in the first half of 2026 due to commissioning delays at its Wet Concentrator Plant A, with ilmenite output down 40% year on year in Q2. Despite this, shipments increased by 53% as the compan...
Ramsdens Holdings PLC shares rose 13.6% to 670p following an improved takeover offer from US pawnbroking group FirstCash. FirstCash increased its cash bid to 675p per share from 600p, raising the total offer value to up to £232 million, including div...
Alphamin Resources delivers strong free cash flow from its high-grade Bisie tin mine, maintaining consistent output of 20,000 tonnes per annum. Despite operational risks in the Democratic Republic of Congo, the company trades at a significant valuati...
